Lead Smart The Case for Compassionate and...

The Case for Compassionate and Humble Leadership

Lead Smart

Know thy Workforce

CollaborationFeedbackInstant GratificationContribute to an organizationWitnessed the rise of social media

IndependentShort attention span72% want to be entrepreneursDigital Natives

Compassionate leadership will be a requirement not an option

Financial Performance

Employee Performance

Stakeholder Relationships

Organization Brand

Culture of the Organization

To Be a Person Worthy of Being Followed

CharacterIntegrity

TrustworthinessCompassion

Humility

Real Leader

Charismatic Narcissist and EvilIncarnate

“Nearly all men can stand adversity, but if you want to test a man’s character, give him power"

-Abraham Lincoln

How will you use the power you have been given?

Are you worthy of being followed?

The Rudder of your Ship

When leadership fails...

They lost sight of the mission

Real Leaders

-Put the people and the organization first-Take a genuine interest in those that lead-Are approachable-Step back while their team moves ahead-Accept responsibility for mistakes that are made-Share the spotlight with others

Listen with the intent to understand rather than the intent to reply

But does it work?

Jim Collins-15 year study-”Good to Great”

11 organizations that outperformed others financially

Fierce determination and PERSONAL HUMILITY

Employees happier, empowered, less likely to leave

Compassionate and Humble Leadership= Less employee turnover

Employees are the key to your success. Treat them fairlyand with compassion and they will return far more thanthey receive

Compassionate leadership has a positive impact on Organizational performance

Tom Rath and Barrie Conchie- “Strengths Based Leadership:GreatLeaders, Teams and Why People Follow”

Gallup Polls- 13 million people in the workforce

Without close friendships and a leader that truly cared about themalmost no chance they would be engaged in their work

Compassionate Leadership leads to better employee engagementWhich leads to higher productivity for an organization

Gallup: 200% better than those without employee engagement

Building Relationships

Team-Building

Positivity

Character

Mike Krzyzewski- Duke University

CompassionateLeadership Works

8 trips to the Final Four and 2National championships

If you are a person of character and have compassion

People will want to follow you

Tony Hsieh-Zappos

Improve company-widecamaraderie whichempowers your employees

My experience with compassionate and humble leadership

Can Leadership Be Learned?

Can Compassion Be Learned?

Practice makes perfect- 7 hours- brain function alters

Study: Center for Investigating Healthy Minds at the Waisman Center-UniversityOf Wisconsin-Madison

Compassion

Get feedback from your subordinates and your superiors

Learn your EQ and develop it if it is low

EmotionalIntelligence-EI

EQ-how muchYou’ve got

Emotional Intelligence=social intelligence

The ability to recognize and monitor feelings and emotions of yourselfAnd others

Daniel Goleman’s 5 elements for emotional intelligence

1. Self-Awareness

2. Self-regulation

3. Motivation

4. Empathy

5. Social Skills

Your IQ is what gets you hired but your EQ is what gets youpromoted

Become Self-Aware

The first person we leadis ourselves

A great man is always willing to be little.”

— Ralph Waldo Emerson

Part 2- We’re Not as Smart as We Think We Are

Decision-Making

LaborStakeholder issuesSecurity issuesInnovation and changesTransportation issuesEnvironmental issuesCrisis management

Rationality- Consider all the possible courses of action and choose thecourse with the highest expected value for your organization

Cognitive Bias

A cognitive bias is a systematic pattern of deviation from norm

or rationality in judgment

Mental shortcuts- Heuristics

Decision-making

Rewrites, Edits, Deletions

Confirmation Bias

“There's no question about the human mind and that what the human being isbest at doing is interpreting all the information so that their

prior conclusions remain intact. I mean that is a talent everyone seems to have mastered”

- Warren Buffet( Berkshire Hathaway Annual Meeting-2002)

Data Science and Cookies…….

Overconfidence Bias

You have more confidence in something than you should haveGIVEN THE FACTS

Recency Effect

Recent information receives greater weight than does earlier information

Sunk-Cost Bias

Our tendency to want to continue with something because we’ve alreadyInvested so much time, money and effort into itEVEN THOUGH EVERYTHING IS POINTING TO ABANDONING THE EFFORT

Space Shuttle Challenger198673 seconds7 dead

NASA

O-Ring

Confirmation Bias-Engineers alwaysWant more data

Overconfidence Bias-NASA had a string ofprevious recent successes

Sunk-Cost Bias- There had been severalOther delays. NASA under budgetConstraints, White House and the publicWanted the launch

Launch at all costs rather than Safety First

GroupThink

Artificial consensus where everyone in the group agrees and are notconsidering contrary evidence.

Or Worse Yet….

NASA’s New Policy on Management Decision-Making

Gather input from diverse groups including the astronaut crew,Engineers and operations crews and LISTEN to what they have toSay

The final decision to launch…..left to the astronauts

Diversity of thought and perspective and being opento changing your mind is the cure

Compassionate and Humble Leadership

-Creates happier employees-Decreases employee turnover-Causes employees to be more engaged in the organization-Leads to higher productivity and profits for the organization-Gives you a higher EQ-Combats cognitive bias as employees feel free to honestlyvoice their opinions

You will be worthy of being followed

“If your actions inspire others to dream more, learn more, do more and become more you are a Leader.

-John Quincy Adams

Rob Hall

Mount Everest

Scott Fischer

1996